MANILA, Philippines — The Duterte administration has ordered the taxman to study how other countries impose levies on digital transactions as the government seeks to cash in on an online selling craze fueled by the pandemic. The Bureau of Internal Revenue (BIR) will form a unit that will track sales of goods and services online, […]
Read MoreThough the growth rate slowed down in the third quarter, banks still made high profits. However, the lending interest rates are expected to stay high. SHB reported pre-tax profit of VND5.055 trillion in the first nine months of the year, an increase of 93.9 percent over the same period last year. The bank reached 86 […]
Read MoreUOB Group’s Senior Economist Julia Goh and Economist Loke Siew Ting comment on the latest inflation figures in the Malaysian economy. Key Takeaways “Headline inflation reversed course and edged up to 2.2% y/y in Sep after easing for four straight consecutive months to a 5-month low of 2.0% y/y in Aug. The reading also came […]
Read MoreSINGAPORE’S factory sector broke a 10-month winning streak in September, sinking into negative territory on deep contraction in the volatile biomedical segment. Industrial production shrank by 3.4 per cent year on year, reversing its growth of 11 per cent in August, according to figures released by the Economic Development Board (EDB) on Tuesday (Oct 26). […]
Read MoreMANILA, Philippines — The pandemic wiped out $43 billion (P2.2 trillion) in Philippine economic output last year, with the impact of the health crisis expected to be felt until the medium term, according to Tokyo-based think tank Japan Center for Economic Research (JCER). In a report, JCER said the 15 major economies in Asia lost […]
Read MoreThe Commerce Ministry’s Internal Trade Department is keeping a close watch on the prices of essential and agricultural products for the remainder of the year as floods are affecting parts of the country and energy prices are rising. Wattanasak Sur-iam, the department’s director-general, said products under the department’s focus include consumer products for daily use, […]
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